Quarterly Information (unaudited)

12 Months Ended

Jun. 30, 2012

Quarterly Information (unaudited) [Abstract]

The following unaudited quarterly financial information includes, in management's opinion, all the normal and recurring adjustments necessary to fairly state the results of operations and related information for the periods presented (in thousands of dollars except share and per share data).

	September 30,		December 31,		March 31,		June 30,
	2011		2011		2012		2012
Revenues		154		231		230		101
Gross profit		154		231		230		101
Operating expenses		4,486		2,349		4,840		4,072
Operating loss		4,332		2,118		4,610		3,971
Net loss		4,493		1,992		4,174		4,135
Basic and diluted net loss per share		0.11		0.05		0.09		0.09

	September 30,		December 31,		March 31,		June 30,
	2010		2010		2011		2011
Revenues		-		-		-		-
Gross profit		-		-		-		-
Operating expenses		1,754		2,824		2,699		3,837
Operating loss		1,754		2,824		2,699		3,837
Net loss		1,689		2,821		2,613		3,725
Basic and diluted net loss per share		0.08		0.11		0.07		0.09

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details